If you talk to anyone in the growing and selling medical marijuana, you will hear a lot of talk about risks, and security systems are expensive. It’s difficult to find a bank or insurance, but laws changed at the whim of regulators and legislators. And, because it still remains illegal, federal agents could shut down the operation and put the owners to jail.

Seattle-based Privateer Holdings is the first company to invest openly and raise $7 million from investors in the medical marijuana industry. Nearly 20 states have legalized the use of recreational marijuana for medical use. FINRA said, scammers are misleading investors by boosting thinly traded stocks and sell it to executives with criminal records.

As more states in the US are clearing the way to legalize the use of medical marijuana, the industry could reach up to $9 billion in five years. Marijuana is safe, far less addictive and subject to abuse compare to many drugs used as hypnotics, relaxants, and analgesics, which is one of its greatest advantage. Because of its little effect on major physiological functions, case of lethal overdose was known.

According to The Wall Street Journal Market Watch: The chief legitimate concern is the effect of smoking on the lungs. Cannabis smoke carries more tars and other particulate matter than tobacco smoke. But the amount smoked is much less, especially in medical use, and once marijuana is an openly recognized medicine, solutions may be found such as vaporization, tinctures, extracts and oils. At present, the greatest danger in medical use of marijuana is its illegality, which imposes much anxiety and expense on suffering people, forces them to bargain with illicit drug dealers, and exposes them to the threat of criminal prosecution.

Majority of these marijuana-related companies trades on over-the counter-markets that do not have the reporting requirements and liquidity of Nasdaq and the New York Stock Exchange.

TERRI HALLENBECK — The deadline is nearing for applications to run the state’s fourth medical marijuana dispensary. If the process goes anything like the first three, it will be something like this:

• It will be long, detailed and not for the faint of heart or the cash poor. Unique issues will arise because dispensaries are in an odd business of legally selling something that is otherwise illegal.

• Though the applicants have to file detailed information about who they are, how they plan to run a dispensary and where they are getting their money, state officials will tell us all very little about any of it, ostensibly to protect patient confidentiality but also because it seems to give them the jitters, what with marijuana being otherwise illegal.

• If and when the dispensary finally opens, it will generate little attention. Just about the only complaints will be that the marijuana is not covered by medical insurance.

In the two months since Shayne Lynn started operating the Champlain Valley Dispensary, he’s learned a lot, attracted more customers than he expected and had no interactions with the local police, he said.

Burlington Police Chief Mike Schirling, who had been worried about having a dispensary in the city, said Monday, “I’m not aware of any issues.”

Lindsay Wells, the state’s marijuana program administrator, said the state has received few complaints about the first dispensaries, and only from patients with concerns about access, not from the general public.

“Some patients didn’t realize it’s not covered by insurance,” Wells said. Others registered complaints about not being able to reach a dispensary, but those issues have been resolved, she said.

Lynn thought he’d have about 75 clients by now. He has 175. “People had been waiting for this,” he said. “We didn’t realize how anxious people are to have this. People say, ‘My God, this is such a relief.’”

In the wee hours of February 11, 2010, police in Columbia, Missouri broke down the door to Jonathan Whitworth’s home searching for substantial quantities of marijuana. When the police forced their way into the home, Whitworth’s dogs, a pit bull and a corgi, began to bark at the intruders. The SWAT team took this as a sign of aggression and fatally shot the pit bull. The corgi was also shot, likely hit by a ricocheting bullet.

After searching the residence, police found a grinder, pipe, and small amount of cannabis. For the possession of a few grams of plant matter, the police had kicked in Whitworth’s door, killed his dog, and traumatized his entire family. The police even had the gall to arrest Whitworth for child endangerment, because of the presence of his seven-year-old son. In reality, the SWAT teams’ reckless discharge of their weapons posed a far greater threat to everyone in the home than a few pinches of pot.

Whitworth’s case is not an isolated incident. For instance, in November 2006, Atlanta police, acting on manufactured evidence of drug dealing, shot and killed Kathryn Johnston, a 92-year-old woman. When police began to break down her door, Johnston apparently (and understandably) believed they were criminals and fired a pistol once in self-defense. The officers responded to this single shot with a hail of 39 bullets. As their mistake dawned upon them, the cops cuffed Johnston, planted drugs in her home, and let her bleed to death on the floor.

The “war on drugs” is not a metaphor. Since Richard Nixon declared drugs public enemy number one in 1971, all levels of government in America have collaborated to militarize law enforcement, slowly turning local police, whose job is to serve and protect the public, into warriors engaged in counter-insurgency tactics in our own neighborhoods.

And what do we have to show for forty years of waging war against our fellow Americans? Drugs are more available, cheaper, and more potent today than they were in 1971; the illicit drug trade dominates strategically important nations, such as Afghanistan and Mexico; and, according to a Rasmussen poll released last week, 82 percent of Americans say we are losing the war on drugs. Even by the low standards of a government program, the war on drugs is an abysmal failure – and an expensive failure at that.

Governments in the United States have spent more than $1 trillion on fighting the drug war. That’s roughly $10,000 for every family of three. A great deal of that money pays to lock up drug offenders. Since 1970, the United States’ incarceration rate has increased fivefold and is now the highest rate in the world. The incarceration rate in Russia – a country that Americans have traditionally and justifiably associated with tyranny and our nearest competitor on this measure – is almost a quarter lower than ours. The land of the free has turned into the world’s most prolific warden.